Nexus -
info_outline
Stay signed in to save your points and redeem your rewards at Nexus

Your Rewards are Waiting!

Stay signed in to save the points you've earned. Click on the points to redeem your rewards at Nexus before they expire.

Login In Now
Auto

Carsome buys 19.9% of Australia-listed iCar Asia

“This acquisition unites two renowned tech entrepreneurs in the South-East Asian region, namely, Eric Cheng, (pic) the co-founder and group chief executive officer (CEO) of Carsome and Patrick Grove, the co-founder and group CEO of Catcha Group.

PETALING JAYA: Carsome Group, South-East Asia’s largest integrated automotive e-commerce company, has acquired 19.9% of Australia-listed iCar Asia Ltd from Catcha Group.

Carsome and Catcha Group have also made a joint proposal to the independent directors of iCar Asia to acquire the remaining 80.1% of iCar from its shareholders.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
iCar Asia , Carsome , Catcha Group , Eric Cheng , Patrick Grant , buys , Australia ,

Next In Business News
Strengthening competitive edge
When the chips are down
DC boom energises power players
Make cities spongy
Price homes affordable at cost
Hotel ownership, one suite at a time
Charting a new growth phase
Branching out beyond palm oil
Divided over AI fears
Indonesia faces an investor exodus

Trending in Business

Air Pollutant Index

Note: API is calculated based on 24hr running average of the most dominant parameter.

Highest API Readings

    Select State and Location to view the latest API reading

    Others Also Read

    Load more

    Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

    Best viewed on Chrome browsers.